Sukuk’s best month in four signals more gains

From Bloomberg: Islamic bonds gained at half the pace of emerging-market debt in July. Fund managers say they may make up the lost ground as funds flow into developing nations and Dubai World restructures debt.
“As sentiment toward emerging markets improves globally and default risks wane, Islamic debt will stand to benefit,” said Usman Ahmed, a senior fund manager in Dubai at Emirates NBD Asset Management, which manages $300 million of bonds at the unit of the United Arab Emirates’ biggest lender……………………………………….Full Article: Source